More than half of senior housing investors, developers and brokers expect cap rates will remain flat over the next year compared to those who expect them to increase, according to a CBRE First Half 2014 Cap Rate Survey. Surveying influential investors, developers and brokers in the senior housing space throughout the U.S., CBRE’s main […]
CBRE
As the number of seniors housing finance players continued to expand over the course of 2013, and more liquidity came into the market, several lenders posted big originations numbers both in terms of origination counts and dollar volume of lending facilitated. Topping the list for last year’s originations for senior housing specified as age restricted […]
American Realty Capital REIT has purchased two senior living properties from MBK Senior Living for a total of $104.5 million, the companies announced last week. The properties are both located in California and have occupancy rates of greater than 98%, with the transaction serving both companies with a “win,” according to CBRE’s Senior Living team, […]
Ziegler Closes $44M Financing for Greencroft CCRC Ziegler recently announced the successful closing of the $43,975,000 fixed-rate Series 2013A Bond issue for Greencroft Obligated Group. At the time of issuance, the Greencroft Obligated Group consists of Greencroft Goshen, Hamilton Grove and Southfield Village. Each of the Obligated Group members is a 501(c)(3) corporation and each owns and operates […]
The use of RIDEA structures in REIT acquisitions is becoming more commonplace in the senior housing sector as a model that helps drive long-term growth, and analysts say the days of healthcare REITs enjoying healthy margins are far from over. “We see the RIDEA structure as a way for the REITs to remain competitive within […]
After snapping up several large ‘Class A’ senior living portfolios between 2011 and the present, real estate investment trusts (REITs), hungry to keep their margins healthy, are casting wider nets that may include off-market deals, other asset types, and new development. “The biggest challenge the REITs are currently facing is a shortage of quality properties […]
Most agree that 2011 was the Year of the REIT, marked by blockbuster, million and billion dollar deals that changed the landscape of the senior housing and care industry. This year, 2012, hasn’t been quite so dramatic, and experts are calling it the Year of the Small Deal, writes the National Real Estate Investor. The […]